Mitt Romney Wrongly Claims Obama Raised Corporate Tax Rates
by Jillian Berman
01/25/201
The only problem with Mitt Romney's fact check of President Barack Obama after his State of the Union address was that the Republican presidential candidate used "facts" that weren't true.
Romney accused Obama of raising corporate tax rates during his presidency, something that Obama has not actually done, as Josh Marshall of Talking Points Memo first noted. Romney also claimed that Obama had lifted some of his ideas from Republicans -- including lowering taxes on corporations.
"Well, in some respects, I have to compliment the president on adopting a whole series of ideas that I've been speaking about for the last several years," Romney told NBC after the Tuesday night speech, according to UPI. "If you want to get the economy going, lower corporate tax rates -- of course, he's raised them."
But experts say that Obama has advocated for lowering the top marginal corporate tax rate, if anything. Since 1993, it has held steady at 35 percent. In 2010, the U.S. had the second-highest top marginal corporate tax rate of any member nation of the Organisation of Economic Co-operation and Development (after Japan), according to the group.
"There's pretty wide consensus, including from the president, that it would be ideal to lower the corporate tax rate," said Joe Rosenberg, a research associate at the Urban Institute. "I can't think of anybody who has called for increasing the 35 percent corporate rate."...
For the full article, go to:
http://www.huffingtonpost.com/2012/01/25/mitt-romney-obama-corporate-tax-rates_n_1231516.html
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